Tax Law Tips & Guidance

Some types of organizations may be able to claim a public service bodies’ (PSB) rebate on the Goods and Services Tax (GST) or the federal portion of the Harmonized Sales Tax (HST) paid on eligible purchases. To claim the PSB rebate, the organization will need to be a charity, qualifying non-profit organization, or “selected” public service body that meets the definitional criteria established by the Canada Revenue Agency (CRA).

A 2024 judgment from the Tax Court of Canada clarified the interpretation of the Excise Tax Act for the purposes of assessing Goods and Services Tax GST on sale of items of real property, such as condominiums, in use for short-term rentals at or just prior to the time of sale.

Taxes can be difficult regardless of location, business type, or income level. This can be especially true of business partnerships in Canada. When two or more business entities are joined in a partnership, it has a significant impact on how each files and prepares for their taxes.

In Canada, the government offers a variety of tax benefits to individuals and businesses that engage in renewable energy projects. These incentives can promote sustainable practices and provide financial advantages for those involved in the green energy sector

The Goods and Services Tax (GST) and the Harmonized Sales Tax (HST) apply to the sales of goods and services in Canada and, when required, must be remitted to the Canada Revenue Agency (CRA)

In the past few decades, e-commerce has become an increasingly important part of the Canadian economy. Individuals eager to turn their talents and hobbies into a source of supplementary income, as well as major corporations, have taken advantage of the wider markets facilitated by the internet to find new customers

A 2024 judgment from the Tax Court of Canada clarified the interpretation of the Excise Tax Act for the purposes of assessing Goods and Services Tax GST on sale of items of real property, such as condominiums, in use for short-term rentals at or just prior to the time of sale.

Countries worldwide have introduced various initiatives to tackle the challenges presented by climate change while fostering economic growth. A key initiative in Canada was the introduction of the Greenhouse Gas Pollution Pricing Act in 2019, establishing the federal pollution pricing framework. Per the Canada Revenue Agency (CRA), carbon pricing pollution

Exploring the intricate landscape of Indigenous business taxation in Canada reveals a unique set of challenges and opportunities. Understanding the tax implications for Indigenous Peoples’ communities and businesses is crucial in navigating the complex tax environment. From personal to corporate tax measures, there are specific considerations that impact Indigenous-owned ventures

In 2019, the Canadian Craft Brewers Association announced that 1,000 craft breweries were operating in the True North, including 269 in Ontario alone. According to Statistics Canada, beer is the most popular drink in the nation – accounting for almost 35% of all alcoholic beverage sales. Although the 2 billion

From the robust banking centers of the Cayman Islands to the boutique services of the Turks and Caicos Islands, there are diverse options available for offshore banking. Canadian businesses can benefit from minimal income tax, bank secrecy, and skilled trustees in offshore tax havens (which are not the same as

The sprawling expanse of Canada comes with a similarly vast mosaic of tax laws. Business owners need to be mindful of Canadian provincial taxes and how they could affect business operations, particularly for businesses operating in more than one province. Each province in Canada maintains the right to levy its

Companies facing financial difficulties often have to make tough decisions about what actions to take to save their business. These decisions can have a significant impact not only on the business itself but also on the taxes involved. If you are a Canadian business facing company insolvency or restructuring and

According to the Canada Revenue Agency (CRA), royalties are payments received in compensation for allowing someone to utilize a patent, trademark, copyright, secret process, or formula. They can also include investment or business income, as well as payments linked to television or film. The source and type of a royalty